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SoSo Daily May 20 | The U.S. Senate Advances Groundbreaking Stablecoin Legislation to Promote Digital Asset Regulation
SoSo Daily May 20 | The U.S. Senate Advances Groundbreaking Stablecoin Legislation to Promote Digital Asset Regulation
SoSo Daily May 20 | The U.S. Senate Advances Groundbreaking Stablecoin Legislation to Promote Digital Asset Regulation
SoSo Daily May 20 | The U.S. Senate Advances Groundbreaking Stablecoin Legislation to Promote Digital Asset Regulation
SoSo Daily May 20 | The U.S. Senate Advances Groundbreaking Stablecoin Legislation to Promote Digital Asset Regulation
SoSo Daily May 20 | The U.S. Senate Advances Groundbreaking Stablecoin Legislation to Promote Digital Asset Regulation
SoSo Daily May 20 | The U.S. Senate Advances Groundbreaking Stablecoin Legislation to Promote Digital Asset Regulation
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Robinhood's net revenue for the third quarter was $637 million, falling short of expectations.

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Oct 31, 2024

In the third quarter, Robinhood's cryptocurrency trading volume reached $14.40 billion, a year-on-year increase of 112%, doubling compared to last year, but declining from the previous two quarters. The total revenue for the third quarter was $637 million, falling short of the market expectation of $651 million. Revenue from cryptocurrency trading was $61 million, soaring 165% year-on-year, but down from $81 million in the previous quarter. Additionally, Robinhood's total assets under custody (AUC) grew by 76% year-on-year, reaching $152.20 billion.

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